Information Rent and Technology Choice in a Regulated Firm

Regulated firms are not necessarily willing to invest in cost minimizing technologies, but evaluate different technologies according to their impact on the information rent. In a two-type adverse selection model three kinds of investments are considered: investments that increase the probability of having low costs; investments that reduce the cost of low-cost types; and investments that reduce the cost of high-costs types.

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Year of publication:	1997
Authors:	Vagstad, S.
Institutions:	Institutt for Økonomi, Universitetet i Bergen
Subject:	REGULATION \| INVESTMENTS \| INFORMATION \| TECHNOLOGY

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Series:	Norway; Department of Economics, University of Bergen.
Type of publication:	Book / Working Paper
Notes:	17 pages
Classification:	D83 - Search, Learning, Information and Knowledge ; L15 - Information and Product Quality; Standardization and Compatibility ; D23 - Organizational Behavior; Transaction Costs; Property Rights
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005675255